According to a 2012 study by the Vera Institute of Justice, it costs an average of $31,286 to house an inmate for a year, with the total cost of state prisons to taxpayers at roughly $39 billion in the 40 states that participated in the study. The total cost of the prison systems in those 40 states was actually 13.9 percent higher than the states’ total combined corrections budgets. That means prisons are over budget and are siphoning from the general state fund, placing an even greater financial burden on taxpayers and forcing cuts to other portions of the state budget. In Illinois, for instance, 32.5 percent of the money spent on prisons came from outside the state corrections budget.

The state with the highest incarceration rate is Louisiana, with 847 people behind bars per 100,000 residents. Louisiana is followed by Mississippi, which incarcerates 692 people per 100,000. Louisiana and Mississippi also, according to the U.S. Census Bureau, have the second and third highest poverty rates in the country, respectively. Louisiana recently ended a fierce debate about its education budget by passing what were acknowledged as patches and short-term fixes. Presumably, were the state spending less money on keeping a large chunk of its population behind bars, they could afford to find a more long-term solution to their education problems.

It is impossible to calculate the true price of prisons because you'd have to account for the benefits that corrections money could provide elsewhere. Educating young Americans and feeding hungry families surely benefit a society in a way that locking up nonviolent drug offenders does not.

There is some good news, though—Colorado made headlines when it closed its second prison in two years in 2012, due to drastic declines in inmate populations, saving taxpayers in the state roughly $4.5 million. It’s a small step, but hopefully it is the first of many towards less taxpayer money to jails and more to creating a better society.